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FCC OKs Univision Deal

The Federal Communications Commission approved Broadcasting Media Partners’ acquisition of Univision Communications Tuesday.

The cash deal -- at a price of $36.25 per Univision share -- is expected to close this month.

BMP includes Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group.

The leading Spanish-language media company in the United States named Turner Broadcasting System veteran Joe Uva CEO in late February.